High Yield Corporate Bond Market Summary – Week Ending 5/22/26

Our newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.

Forward Calendar

The following are lists of upcoming high-yield corporate bond offerings in the United States

Issuer	Deal Information	Banks	Expected Issue Date
Energos Infrastructure	$1.5B senior secured notes	CITI	Q2 2026
Arclin	$1.5B senior secured notes	GS	Q2 2026

Top 10 Performers

Showcases the top 10 HY Corp performers based on the largest bid price increases between 5/15/26 – 5/22/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	KIKCN 8.25 6/30/2031 144A	8.25%	06/30/31	▲ 18.52%	69.77	58.87	18
2	NEWLSQ 15.5 11/1/2023 144A	15.50%	11/01/23	▲ 16.30%	36.36	31.27	6
3	GPDCOS 12.5 12/31/2029 144A	12.50%	12/31/29	▲ 9.78%	68.25	62.16	4
4	CHHCF 11.75 9/1/2030 144A	11.75%	09/01/30	▲ 5.72%	86.39	81.71	19
5	NAFTO 7.625 11/8/2028 REGS	7.63%	11/08/28	▲ 5.04%	82.31	78.35	14
6	OWNGRP 2.125 3/25/2053	2.13%	03/25/53	▲ 4.68%	45.51	43.48	14
7	JIGSAW 3.375 5/5/2052 REGS	3.38%	05/05/52	▲ 4.36%	62.00	59.41	12
8	COECOM 3.625 7/14/2052	3.63%	07/14/52	▲ 4.30%	68.22	65.41	13
9	UKRAIN 4.5 2/1/2034 144A	4.50%	02/01/34	▲ 4.27%	68.08	65.30	21
10	RRD 11 12/1/2030 144A	11.00%	12/01/30	▲ 4.08%	109.03	104.75	16

Bottom 10 Performers

Showcases the bottom 10 HY Corp performers based on the largest bid price decreases between 5/15/26 – 5/22/26

Rank	Bond Name	Coupon	Maturity	Change	PRC	PRC-1W	Dealers
1	PETSAF 9.5 10/15/2029 144A	9.50%	10/15/29	▼ -21.74%	53.75	68.68	21
2	ATLNSA 3.5 4/30/2028 REGS	3.50%	04/30/28	▼ -20.37%	47.80	60.03	21
3	MLTPLN 6.75 3/31/2031 144A	6.75%	03/31/31	▼ -9.93%	59.00	65.50	13
4	CSCHLD 4.625 12/1/2030 144A	4.63%	12/01/30	▼ -7.92%	25.00	27.15	20
5	USLBMH 6.25 1/15/2029 144A	6.25%	01/15/29	▼ -6.46%	60.33	64.50	26
6	HTZ 5 12/1/2029 144A	5.00%	12/01/29	▼ -6.07%	45.99	48.97	27
7	SAPSJ 4.5 3/15/2032 REGS	4.50%	03/15/32	▼ -5.63%	81.53	86.39	17
8	EHICAR 10 10/14/2029 REGS	10.00%	10/14/29	▼ -5.52%	46.26	48.97	10
9	HCELEC 4.65 12/29/2026	4.65%	12/29/26	▼ -5.33%	62.34	65.84	12
10	PDVSA 5.375 4/12/2027	5.38%	04/12/27	▼ -5.30%	38.45	40.60	24

Avg Industry Price

Displays the HY Corp average industry price by sector between 5/15/26 – 5/22/26. Results are based on select industry sectors, however, we offer data across 36 sectors.

Sentiment

Reveals the percent of HY Corps increasing in price (advancers) vs. HY Corps decreasing in price (decliners) between 5/15/26 – 5/22/26

Top Quote Volume Movers: This Week vs Last Week

Exhibits the HY Corps with the largest increase in quote volume for the week ending 5/15/26 vs. the week ending 5/22/26

Rank	Tranche	Coupon	Maturity	Prior Week	This Week	Increase	% Increase
1	CORZ 7.75 5/15/2031 REGS	7.75%	05/15/31	60	298	238	▲ 397%
2	VENTGL 6 5/1/2036 REGS	6.00%	05/01/36	58	292	234	▲ 403%
3	MIK 8.5 3/15/2033 REGS	8.50%	03/15/33	54	280	226	▲ 419%
4	SEE 10.5 4/15/2034 REGS	10.50%	04/15/34	53	273	220	▲ 415%
5	SEE 8.25 4/15/2033 REGS	8.25%	04/15/33	52	270	218	▲ 419%
6	HONA 5.732 3/16/2056 REGS	5.73%	03/16/56	63	274	211	▲ 335%
7	AROC 6 2/1/2034 REGS	6.00%	02/01/34	50	250	200	▲ 400%
8	CHTR 7.375 2/1/2036 REGS	7.38%	02/01/36	62	260	198	▲ 319%
9	CHTR 7 2/1/2033 REGS	7.00%	02/01/33	62	260	198	▲ 319%
10	TDG 6.125 7/31/2034 REGS	6.13%	07/31/34	49	243	194	▲ 396%

Most Quoted HY Corps

Ranks the HY Corps that were quoted by the highest number of dealers between 5/15/26 – 5/22/26

Rank	Tranche	Coupon	Maturity	Dealers
1	BACR 4.375 PERP	7.38%	NULL	38
2	BACR 7.625 PERP	7.63%	NULL	36
3	BNP 6.875 PERP REGS	7.61%	NULL	35
4	SANTAN 8 PERP	7.88%	NULL	34
5	BNP 9.25 PERP REGS	8.94%	NULL	34
6	INTNED 5.75 PERP	8.31%	NULL	34
7	LLOYDS 6.75 PERP	8.79%	NULL	34
8	BNP 9.25 PERP 144A	8.94%	NULL	34
9	NWG 8.125 PERP	7.72%	NULL	34
10	BACR 8 PERP	9.40%	NULL	34

Bid-Offer Spread by Industry

Results are based on select industry sectors, however, we offer data across 36 sectors

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 5/15/26 – 5/22/26

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